JBLU is trading at $5.05 (+4.44%) following the announcement of 11 new non-stop routes from Fort Lauderdale aimed at capturing market share from Spirit Airlines.

  • The strategic expansion targets routes vacated by Spirit Airlines' shutdown, a move to dominate the South Florida market.
  • Shares are also gaining from broader market strength driven by U.S.-Iran ceasefire optimism and strong tech earnings beats.
  • The stock previously hit a pre-market high of $5.10 (+4.1%) on the news.